Working with BUYBank exchanger
How to exchange Bitcoin online with BUYBank
Why is bitcoin falling?
The state of bitcoin on the currency exchange market directly depends on the confidence of investors and experts in cryptocurrency. When difficulties with the mining of digital money arise, interest in it decreases, which leads to a depreciation.
Political stability also leads to a depreciation. So, if the country's population is confident in its currency, then there is no need to resort to others.
Since Bitcoin is an electronic currency, any hacker attacks on exchanges lead to the fact that people cease to trust the system. Investors also have concerns.
Experts believe that various failures on the cryptocurrency exchange should not affect the state of the currency. However, after hacking one of the exchanges of the leading South Korean service Bithumb, the cryptocurrency exchange rate rushed down.